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Today, the solar industry is embracing new development opportunities. From the perspective of downstream demand, the global energy storage and photovoltaic market is in full swing.

From the perspective of PV, data from the National Energy Administration showed that domestic installed capacity increased by 6.83GW in May, up 141% year on year, almost setting a record of the highest installed capacity in low season. It is expected that the annual installed demand will be more than expected. 

In terms of energy storage, TRENDFORCE estimates that the global installed capacity is expected to reach 362GWh in 2025. China is on track to overtake Europe and the US as the world's fastest-growing energy storage market. Meanwhile, overseas energy storage demand is also improving. It has been confirmed that overseas household energy storage demand is strong, capacity is in short supply.

Driven by the high growth of the global energy storage market, micro inverters have opened the momentum of rapid growth.

On the one hand. The proportion of distributed photovoltaic installations in the world continues to increase, and the safety standards of rooftop PV at inland and abroad are becoming stricter. 

On the other hand, as PV enters the era of at a low price, KWH cost has become the core consideration of the industry. Now in some household, the economic gap between micro inverter and traditional inverter is small.

The micro inverter is mainly applied in North America. But analysts point out that Europe, Latin America and other regions will have enter the accelerated period that widely use the micro inverter . The global shipments in 2025 May exceed 25GW, the annual growth rate is of more than 50%, the corresponding market size can reach more than 20 billion yuan.

Due to the obvious technical differences between micro inverters and traditional inverters, there are few market participants and the market pattern is more concentrated. The leading Enphase accounts for about 80% of the global market.

However, professional institutions point out that the average growth rate of domestic micro inverter sales in recent years exceeds Enphase by 10%-53%, and it has the cost advantages of raw materials, labor and other production factors.

In terms of product performance, the performance of domestic enterprises is comparable to Enphase, and the power covers a wider range. Take Reneng technology as an example, its single-phase multi-body power density is far ahead of Enphase, and it has exclusively launched the world's first three-phase eight-body product.